Variables definition of the file database_tables_3_4_5_Rstats.dta:

identifier: the identification number of the bank

year_month: the first four digits are the year and the last two are the month of the observation

time: year_month transformed (1=January, 2003 to 34=October, 2005)

cluster_variable: is a combination of identifier and type_of_credit. It is the cross section dimesion of the panel

monthly_new_loans: the total credit granted by the bank in the respective year_month

monthly_interest_rates: the average interest rate of the credit granted by the bank in the respective year_month weighted by new loans

dummy_authorized:=1 if the bank was authorized by the INSS until October, 2005; =0, otherwise

type_of_credit:=1 if the credit is personal loans, 2005; =0, if the credit is automobile loans

treatment_direct_effects: dummy of treatment effects (type_of_credit x date of authorization) for the treated (direct effects)

treatment1: =1 if the year_month is after April, 2004; =0, otherwise

treatment2: =1 if the year_month is after August, 2004; =0, otherwise

treatment3: =1 if the year_month is after December, 2004; =0, otherwise

treatment4: =1 if the year_month is after April, 2005; =0, otherwise 

dum_time1-dum_time34: dummies of year-month from January, 2003 to October, 2005.










